Marine Harvest marks beginning of new era

Marine Harvest has become the first aquaculture company to be listed at the NYSE Marine Harvest has become the first aquaculture company to be listed at the NYSE
Industry Database

Norway’s Marine Harvest has become the first aquaculture company to be listed at the New York Stock Exchange (NYSE), marking the beginning of a new era for the salmon farming industry.

The company has chosen “Leading the blue revolution” as its vision, stating it wants to be a leader in cultivating and growing food from the ocean.

“Our vision is to be ‘leading the blue revolution’ - something similar to what happened 5,000 years ago with the agriculture revolution when people moved from hunting and fishing to agriculture. We want to elevate aquaculture to be comparable to agriculture and beyond,” said Alf-Helge Aarskog, CEO, Marine Harvest.

“According to the UN, the world must increase its food production by 70% by 2050. As much as 70% of the globe is covered by water, yet, only 6% of the world's protein supply is sourced from the oceans today. The potential is enormous,” he added.

The company says the listing gives it exposure to a larger part of the US investment community, including those who are not allowed to invest in Norway.

Marine Harvest says it will also be beneficiary to have a currency that can be applied in future consolidation of the industry.

The company controls about 22% of the global production of farmed Atlantic salmon.

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